Lantern Partners Finance Team Roles Cheat sheet

Cynthia De Vera from Swoop and Michelle Kvello team up to explain non dilutive funding and what might be available for your SME.

There were a few key takeaways from the webinar:

There are many types of non dilutive funding.

When assessing your options consider how expensive the funding and how you plan for repayments.

Is it a temporary sugar hit or will it fuel long term growth?

Every funder wants to know that the business they are funding is sustainable.

Can you demonstrate this in your numbers?

Timelines to secure funding are longer in the current environment - you can shorten it by giving lenders confidence in your financials.

Make it an easy yes! Know your margins - every $1 of revenue is not created equal.

Make sure you use your funding to fuel the most potent growth

Would you get in your car to a new destination and not use your GPS? Likewise, every business needs a roadmap.

Download your copy of the recording here:

The challenge with any industry when you’re looking in from the outside is to understand the different roles that make up a particular profession.

And I know I’ve been guilty of that when I’ve looked at other professions!

And often when we are working with clients to scope their first in-house finance resource they are looking for a unicorn who has experience in all roles within the finance function.

They very rarely exist within the same person! And this is where outsourcing some of the finance requirements can make sense for a smaller business and avoids over-indexing on costs at too early a stage.